Insurance Law 4524 — Legislation
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SECTION 4523
Soliciting membership in unauthorized societies; penalties
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ARTICLE 45
Fraternal Benefit Societies
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SECTION 4525
Application of other provisions of this chapter
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SECTION 4524
Exemption from taxation
Insurance (ISC) CHAPTER 28, ARTICLE 45
§ 4524. Exemption from taxation. Every society organized or licensed
under this article is hereby declared to be a charitable and benevolent
institution, and all of its funds shall be exempt from all and every
state, county, district, municipal and school tax, other than taxes on
real estate and office equipment.